Learn about distressed borrowers, the challenges they face, and effective strategies like forbearance and loan modification ...
Application backlogs for IDR plans may be about to get a whole lot worse for borrowers with student loans enrolled in the ...
The Education Department quietly confirmed last week that student loan forgiveness for certain borrowers under several income ...
Department of Education delays garnishing wages and intercepting federal income tax refunds, as changes are made in student ...
Millions of Americans are struggling to make their monthly student loan payments. More than 1 in 3 borrowers with federal student loans were at least 30 days late on a payment, as of a June 2025 ...
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Student Loan Forbearance Explained: How It Works
・Forbearance lets you pause student loan payments temporarily but interest continues to accrue during that time. ・It should only be used for short-term hardship, since repeated or extended forbearance ...
Cecil Bohanon and John Horowitz: Forbearance is more than a virtue; it keeps society’s systems whole
Merriam-Webster defines forbearance as “a refraining from the enforcement of something that is due.” In finance, forbearance refers to an arrangement in which a lender allows a borrower to pause ...
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